Posted: 3 months ago Once delivered, the ships are scheduled to join the core fleet of Norden owned and long-term leased tanker and dry cargo vessels managed by the Asset Management business unit. Danish shipping company Norden has entered into a newbuilding contract with Chinese shipbuilder Nantong Cosco Khi Ship Engineering Co. (NACKS) for four 61,000 dwt dry cargo Ultramax ships, expected to deliver during 2022. “Furthermore, the contracted vessels have been secured with the aim of trading the portfolio of bulk carriers within the prevailing market volatility to optimise our returns”. Norden has two more Ultramaxes on order set for delivery this year. The 62,000 dwt nebuildings are taking shape at the facilities of the Japanese shipbuilder Oshima, according to the data from VesselsValue. Norden teams up with Diamond S Shipping in product tanker consolidation drive Categories: On the other hand, ship owners are staying away from ordering new ships due to regulatory concerns and uncertainties, especially with regard to the design features of ships, as they are concerned that ships ordered today might become obsolete in 10-15 years. “With a demand outlook gradually returning to normal and a low orderbook, we believe it’s a good time to buy assets and secure competitively priced tonnage” says Henrik Lykkegaard Madsen, Head of Asset Management. Posted: 3 months ago “Having sold 10 dry cargo vessels since 2018, we believe asset prices have now declined sufficiently to present a good trading opportunity to buy,” Rindbo added. Norden’s CEO Jan Rindbo said that the contract was in line with the company’s strategy of ‘agile asset trading and active management’ of the company’s cyclical market exposure. Business & Finance The order is being placed at a time when COVID-19 has reduced ordering activity at global yards considerably. Clarksons Platou Shipbroking reported only one order last week, involving Boreal Transport’s contracts for five 350pax electric ferries at Sefine Shipyard in Turkey, with delivery understood to be in 2022.
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Facebook Twitter Google+ Related Stories Syracuse basketball legend Pearl Washington dies at 52Storify: Sports world mourns the death of Syracuse basketball legend Dwayne ‘Pearl’ WashingtonPearl Washington’s top 5 moments as a Syracuse basketball playerFull transcription of Jim Boeheim addressing support for Dwayne “Pearl” Washington Published on April 20, 2016 at 4:58 pm Syracuse head coach Jim Boeheim addressed the media Wednesday afternoon after SU legend Pearl Washington died earlier in the day. Washington, 52, is considered one of the greatest players in program history. Boeheim got emotional when discussing Washington.Watch Boeheim’s full press conference below.For additional coverage of Pearl Washington’s death, click here. Comments AdvertisementThis is placeholder text
CORWITH — A Corwith man has been arrested on sexual abuse charges. 32-year-old Keith Moss is accused of having sexual contact with abuse involving a victim under the age of 12 with the abuse taking place in March of 2019 in Hancock County. Moss was charged with two counts of second-degree sexual abuse. Moss was taken into custody on Wednesday. His preliminary hearing is scheduled for June 18th. Second-degree sexual abuse is a Class B felony that carries the potential of 25 years in prison on each charge.